With a stop at a strong trend line, price action and RSI suggest that a reversal down might just happen. Other correlating pairs such as EURUSD supports this claim as they are all near MAJOR consolidation areas short @ the stop of 1.5200 stop @ 1.52381 t/p @1.5099 Be sure to comment and follow my tradingview for more analysis! Keep calm and trade on.......
Currently AUDUSD is at the edge of a major trend line developed since September. A lot of bearish pressure on the pair right now and a break below the trend might send AUDUSD down. Be caution in the next couple of days and keep your eye out
Now that the head and shoulder pattern is confirmed and the 1.08 has been broken a bullish butterfly could be the next move on this pair. Still some important decelerating data need to be released from the eurozone !!!
My analysis - bullish gartley pattern + symmetrical triangle .
Looks like we could go either way here. Still a way off, but these are on my radar.
Hello everyone, i will be posting here my ideas so i can keep track of them. Why i dont publish in private? Because i am open to any suggestion, so if anyone wants to tell me something about the idea, i will be glad to read what he or she has to tell me ! Here i am looking for a short in eurjpy weekly. wich seems to be in a very corrective structure at the...
With NZDUSD finally breaking below the demand zone at around .66400-.66200 the market has confirmed that it intends to move lower. Since breaking below this demand zone, price action has found a bit of support at around.65750 and ran up to retest the demand zone. This tells us that the previous support has now turned resistance. I would like to see the market...
Jobless claims continue to trend down within relevant descending range. Currently reached a cyclical low, last seen in 2000 and 2006. Thus the short term unemployment indicator shows that on one hand, situation is improving, but on the other hand it will be difficult to trade lower - and a cyclical upturn in Jobless Claims could be in the cards.
GBPUSD is on risk of mean revertion downwards trade. Price is tagging upper 1st standard deviation from weekly (120-h) mean) from inside amid compressing volatility (measured by 3.2 standard deviations) Traders can take short positions at the 1st standard deviation (1.5450) with stop above relevant highs (1.5485) and targeting the weekly mean (now at...
USDCAD is trading laterally recently around its weekly mean. Currently price is again at its relevant range upper border, marked by 1st standard deviation from weekly (120-h) mean. Volatility is compressing, hinting us that another mean revertion is likely in the cards (downwards this time) Traders can pick shorts close to the upper 1st standard deviation...
BTCUSD is trading below 1st standard deviation from weekly (120-h) mean at 257.5 amid downward slope of the mean. Price has probability to fall further down, if it stays below the 1st standard deviation. Traders can pick shorts close to the level (257.5) and stop at the weekly mean (262.3). Breakdown below recent lows will confirm the trade (254.0)
USDJPY is breaking below the 1st standard deviation from weekly (120-hour) mean after a leg of uptrending move. Price is likely to tag the mean before continuing further - to recharge volatilty. Traders can pick shorts close to the upper 1st standard deviation (124.70) aiming to the mean (124.30) Stops should be placed above relevant highs (125.10), tagging of...
USDRUB is tagging upper 1st st deviation from weekly (120-hour) mean after several legs of uptrend. The price has a probability of mean revertion downwards to recharge volatility before going further Traders can pick up shorts at the 1st standard deviation (62.64) with stops above the relevant peaks (64.55) and target at the weekly mean (60.65)